Essay
A $910,000 bond was issued on October 1,2008 to build a new road.The bonds carried a 6% interest rate and are due in 10 years.
Required:
(A. )Prepare the required journal entry in the Capital Projects Fund on October 1 for the Fund-Based Financial Statements.
(B. )Prepare the required journal entry for the Government-Wide Financial Statements.
Correct Answer:
Verified
Correct Answer:
Verified
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